MercadoLibre had its Relative Strength (RS) Rating upgraded from 64 to 71 Monday — a welcome improvement, but still below the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if MercadoLibre can continue to rebound and clear that threshold.
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MercadoLibre is working on a consolidation with a 2,161.73 entry. See if it can clear the breakout price in volume at least 40% above average.
The company showed 9% earnings growth in the latest quarterly report. Sales increased 35%.
MercadoLibre holds the No. 4 rank among its peers in the Retail-Internet industry group. Amazon.com is the top-ranked stock within the group.
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